Baxter Bros Inc. Invests $5.18 Million in Fiserv, Inc. (NYSE:FI)

Baxter Bros Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,000 shares of the business services provider’s stock, valued at approximately $5,181,000.

A number of other hedge funds have also bought and sold shares of FI. West Oak Capital LLC bought a new stake in Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC bought a new position in Fiserv in the fourth quarter valued at approximately $28,000. Hollencrest Capital Management raised its position in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Fiserv during the fourth quarter worth $31,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 0.0 %

Fiserv stock traded up $0.05 during trading hours on Friday, reaching $149.22. 2,942,846 shares of the company’s stock were exchanged, compared to its average volume of 2,577,646. The firm has a market capitalization of $87.31 billion, a PE ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm’s 50 day simple moving average is $152.74 and its 200 day simple moving average is $139.04. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Susquehanna boosted their price target on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Morgan Stanley increased their target price on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research note on Thursday, January 11th. Finally, StockNews.com initiated coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.33.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.